BRYN MAWR TRUST Co raised its position in Occidental Petroleum (NYSE:OXY) by 6.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 173,265 shares of the oil and gas producer’s stock after purchasing an additional 9,986 shares during the quarter. BRYN MAWR TRUST Co’s holdings in Occidental Petroleum were worth $12,762,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Tompkins Financial Corp raised its holdings in shares of Occidental Petroleum by 1.9% in the 4th quarter. Tompkins Financial Corp now owns 36,177 shares of the oil and gas producer’s stock worth $2,664,000 after purchasing an additional 661 shares during the period. Koshinski Asset Management Inc. raised its holdings in shares of Occidental Petroleum by 3.8% in the 4th quarter. Koshinski Asset Management Inc. now owns 18,357 shares of the oil and gas producer’s stock worth $1,352,000 after purchasing an additional 679 shares during the period. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Occidental Petroleum by 25.2% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 3,549 shares of the oil and gas producer’s stock worth $261,000 after purchasing an additional 714 shares during the period. Hermes Investment Management Ltd. raised its holdings in shares of Occidental Petroleum by 1.6% in the 4th quarter. Hermes Investment Management Ltd. now owns 45,172 shares of the oil and gas producer’s stock worth $3,327,000 after purchasing an additional 720 shares during the period. Finally, Lenox Wealth Management Inc. raised its holdings in shares of Occidental Petroleum by 7.0% in the 4th quarter. Lenox Wealth Management Inc. now owns 12,593 shares of the oil and gas producer’s stock worth $937,000 after purchasing an additional 824 shares during the period. Institutional investors own 82.68% of the company’s stock.
Shares of Occidental Petroleum (OXY) opened at $63.65 on Tuesday. Occidental Petroleum has a 12 month low of $57.20 and a 12 month high of $78.09. The company has a current ratio of 1.12, a quick ratio of 0.95 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $49,313.83, a P/E ratio of 37.22, a price-to-earnings-growth ratio of 3.80 and a beta of 0.64.
Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings data on Tuesday, February 13th. The oil and gas producer reported $0.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.41. Occidental Petroleum had a return on equity of 3.29% and a net margin of 9.88%. The firm had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same quarter last year, the firm earned ($0.13) EPS. equities research analysts forecast that Occidental Petroleum will post 2.61 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 9th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $3.08 dividend on an annualized basis and a yield of 4.84%. Occidental Petroleum’s dividend payout ratio (DPR) is presently 180.12%.
A number of research firms have recently commented on OXY. Zacks Investment Research downgraded Occidental Petroleum from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 13th. UBS began coverage on Occidental Petroleum in a report on Wednesday, March 7th. They issued a “neutral” rating and a $71.00 price objective on the stock. ValuEngine downgraded Occidental Petroleum from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. BMO Capital Markets restated a “hold” rating and issued a $75.00 price objective on shares of Occidental Petroleum in a report on Tuesday, February 27th. Finally, JPMorgan Chase & Co. increased their target price on Occidental Petroleum from $74.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $71.56.
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Occidental Petroleum Profile
Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. The company operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas.
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